EU hosts talks to avert Ukraine-Russia gas crisis


BRUSSELS (Reuters) - Ukraine and Russia began talks with international lenders and the European Union on Monday on loans to help Kiev pay for Russian gas and avert a new crisis that could cut off supplies to Europe.

Ukraine transports the bulk of Russian gas supplies to Europe and is seeking $4-5 billion in funds to build up stockpiles of gas before winter, when demand rises by a third.

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